Cannabis Oil to Create $41 Billion Opportunity
The global cannabis oil is seeing a wealth of demand.
Over the next 10 years, the market is expected to grow from $5.4 billion in 2019 to more than $41 billion by 2030 at a CAGR of 20%. All thanks to the increased usage of such oils in skin treatment, according to analysts at Insight Slice. “A considerable part of the population is suffering from acne problems. CBD oil is used to treat acne using its anti-inflammatory properties and minimizing sebum production. CBD oil controls the overproduction of sebum reducing the chances of skin infections and acne. The neuroprotective properties of CBD oil aid doctors to treat patients with neurological disorders such as multiple sclerosis and epilepsy.”
In addition, demand is increasing as folks use it to deal with pain, anxiety, depression, cancer, neural diseases, for example.